Word: berman
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...Harvard’s schools plan to devote the extra increase to financial aid and the hiring of new faculty, Berman wrote in her e-mail late last month. Many schools will also spend the funds on “other aspects of support for the student experience,” Berman wrote...
...March, Berman called the response to the extra 4 percent “very positive...
...addition, debt will play a large role in financing the costly Allston development. Harvard will also derive income from fees it charges for services like parking, Berman said in March...
Another source of income will be the endowment itself. In 2001, Harvard’s central administration instituted an annual one-half of 1 percent tax on the endowment to help fund the expansion; the 25-year tax is expected to yield at least $3 billion. But Berman said that decapitalizing the endowment—removing capital from the University’s long-term holdings—is not currently being discussed as a funding source for Allston development...
...Berman said that an estimate will not be ready until a variety of expansion possibilities are presented to the University by Cooper, Robertson & Partners, a firm retained by Harvard to develop planning frameworks for Allston development...